The North American CBD gummies market is anticipated to grow at a considerable CAGR of 27.8% during the forecast period (2021-2027). the growing use of cannabis for the treatment of neurological disorders, management, psychiatric disorders, and cancer is driving up demand for cannabidiol (CBD) gummies. For instance, according to Johns Hopkins University, it is projected that 26% of Americans aged 18 and higher roughly 1 in every 4 adults – suffer from a diagnosable mental disorder in any given year. Furthermore, according to the American Cancer Society 2021 report, in the US there are an estimated 1.9 million new cancer cases diagnosed and 608,570 cancer deaths. In addition, as per the Family Caregiver Alliance, every year, over 1 million adults in the US are diagnosed with chronic brain disease or disorder that includes 80,000 incidences of traumatic brain injury, and 54,927 incidences of Parkinson’s Disease among others.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in May 2021, Medterra CBD LLC recently announced a partnership agreement with Acreage Holdings Inc. that will allow Acreage Holdings to use Medterra’s innovation pipeline, high-quality CBD, and their e-commerce platform to launch a nationwide distribution strategy. Five Farms CBD, a Medterra subsidiary, will create a full-spectrum CBD collection under the Acreage Holdings brand. Further, as a result of this partnership with Medterra, Acreage will be able to realize a low-risk, high-margin revenue stream with the help of an asset-lite approach to entering the US CBD market.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
- By Concentration
- By Distribution Channel
Countries Covered
- US
- Canada
- Competitive Landscape- Charlotte’s Web, CV science Inc., Green Roads of Florida, LLC, and Dixie Brands, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Deviation from the pre-COVID-19 forecast
Ø Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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North American CBD Gummies Market Report Segment
By Concentration
- High Concentration
- Low Concentration
By Distribution Channel
- Online
- Offline
North American CBD Gummies Market Report Segment by Region
- United States
- Canada
- Latin America
- Middle East & Africa
Company Profiles
- Balanced Health Botanicals Inc
- Canopy Growth
- CBD American Shama
- CBDfx
- Charlotte’s Web
- CV science Inc
- Diamond CBD
- Dixie Brands, Inc
- Green Roads of Florida, LLC
- Joy Organics
- Medix Wellness LTD
- Medterra CBD LLC
- Premium Jane
- Reliva CBD Wellness
- Royal CBD
- The Valens Company Inc.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
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